Iran expert says US ground invasion could cause a global economic meltdown

In a statement published on March 27, 2026, Ali Vaez, director of the Iran Project at the International Crisis Group, warned of potential global economic catastrophe. Vaez stated that the United States and Iran have reached a stalemate. He believes further escalation between the two countries, potentially involving a US ground invasion, is more likely than a peaceful resolution. Vaez suggests that such an escalation could trigger a global economic meltdown. The International Crisis Group focuses on preventing wars and shaping policies that build a more peaceful world.